For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. On Deck Capital (ONDK - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ONDK and the rest of the Finance group's stocks.
On Deck Capital is a member of the Finance sector. This group includes 852 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ONDK is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ONDK's full-year earnings has moved 211.11% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ONDK has returned about 24.56% since the start of the calendar year. In comparison, Finance companies have returned an average of -1.58%. This means that On Deck Capital is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ONDK belongs to the Financial - Miscellaneous Services industry, which includes 30 individual stocks and currently sits at #112 in the Zacks Industry Rank. This group has lost an average of 8.84% so far this year, so ONDK is performing better in this area.
ONDK will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.